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2009 January-February 19 focused on the profit rate dropped Cart

Fernando Filipe

by Professional editor working for himfr.

A quarter of motor vehicle sales 2,678,800, an advance of 3.88% in order that the recital is somewhat nurtured by the in the household automobile manufacturers, the monetary critical purpose it looks like very far away from them. However, from the China Association of Automobile Manufacturers yesterday was 1,2 months of this year's yield of the automotive development written knowledge presentations that the in the household auto development has not entirely recouped from the brink of crisis. Statistics present that over the first two months of my amount (sales atop five million yuan) Income from major performances motor vehicle 320.413 billion yuan, up 9.42 out of 100 descent, the total yield 9.879 billion yuan, up 50 out of 100 descent, embracing FAW, Dongfeng, SAIC, Southern Motors, Beiqi extensively mist, Chery, Geely, Jianghuai, Hafei, Changhe, Brilliance, BYD, the South East, Heavy Duty Truck, Shaanxi Auto, Yutong, Jinlong and in Qingling in the Group of 19 key enterprises, the yield descent was as high as 59%, a diminish of 6.6 billion.

2008, China's domestic auto production and sales from the third quarter after the end of the beginning of the total up to more than 6 years of double-digit growth of key enterprises 19 years ago (Group), the seven companies total profit year-on-year growth in corporate profits 10 The total is lower than the previous year, the two loss-making enterprises. However, the first two months of this year, the profitability of vehicle manufacturers situation, growth can be achieved only Qingling, BYD, Geely and Beiqi. Profit growth last year, the list also Dongfeng, FAW and Yutong, the first two months of this year showed a profit decline in the same period last year. The first two months of this year's profits of major automotive manufacturers shows that SAIC, Dongfeng, Chery, Canton steam a year-on-year profit of 38-54% of negative growth, FAW, Southern Motors, Hafei, heavy truck and a negative growth of YUTONG is as high as 65-95%, and Brilliance, Jianghuai, Shaanxi Auto Jinlong and profit from a year earlier loss to the southeast and will remain the same in Changhe Automobile losses.

Data from the Association of Automobile Manufacturers present that the first two months of this year, China's in the household motor vehicle sales were 1,464,900, and the attainment of 1,563,600, while goods produced plunged by 1.16 out of 100 year-on-year, but still upheld a sales expansion of 2.70 out of 100, and the first two months of sales expansion, to assure that China's in the household motor vehicle the first quarter of more than 2.5 million in sales amid the world's greatest auto market. Experts an interview yesterday that the first two months of the automotive development presented sales expansion in the case of a extensive descent in profitability was the "increasing end wares without advancing income" position, the principle justification, first, in the household motor vehicle sales expansion in the structure of modifications, one greatest automotive manufacturers in January to accomplish a large-scale promotions.

Experts said that since late January by 1.6 liters (inclusive) following the purchase of passenger cars by half tax collection policy, 1,2 domestic car sales in the month of the fastest growing is 1.6 liters (inclusive) following the micro-, the economy and mid-level passenger cars. Statistics show that the first quarter of 1.6 liters (inclusive) the following emission passenger car sales reached 1,411,400, an increase of 21.93 percent, higher than the industry average passenger growth rate of 14 percent market share of 70.72 percent, over the previous year 8.19 percentage points higher than the same period. However, these sub-market products, the profit contribution of the manufacturers are not high. The past two months, the contribution of the largest automobile market driven micro-car as an example, the industry average profit per vehicle cycling only about 1,000 yuan.

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